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Centre of Excellence
A team or entity within an organization that provides leadership, best practices, research, support, and training for a specific area of focus.
Implications
A team or entity within an organization that drives continuous improvement and innovation in a specific area, providing leadership, best practices, and support across the organization.
Example
Example: An automotive company establishes a Centre of Excellence for electric vehicle technology, bringing together experts to drive innovation and maintain leadership in the field.
Related Terms
Different from a Center of Expertise, which focuses on providing specialized knowledge, a Centre of Excellence is often more comprehensive, driving innovation and best practices organization-wide.
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